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China’s Trade Relations with the United States in Perspective

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  • Dong Wang

Abstract

China’s trade relations with the United States over the past four decades is a topic that has not been fully dealt with in scholarly works. This paper charts the course of US-China economic relations since 1971, explains the principal forces stimulating growth and encouraging change and, finally, discusses how these two economic giants fit into an interlocking Asian and world economy. In reaction to the post-2008 financial downturn, advocates for a new world economic order have suggested a rebalancing of global demand, which will arguably become a major, politically charged issue in the US and in China in the years to come. Growing economic interdependence has quickly presented new challenges and opportunities, with issues such as human rights, Most-Favoured-Nation status, the Taiwan and Tibet question, and the huge American trade deficit threatening to cloud the relationship at times. With China’s emergence as a major power and America’s hegemonic ambitions tested in successive wars, the contradiction between a booming commercial relationship and conflict associated with geopolitical and ideological differences will continue to constitute a serious challenge. The long-term goal for each side will be to forge economic ties strong enough to create a stable political relationship, rather than to be held hostage by geopolitical constraints.

Suggested Citation

  • Dong Wang, 2010. "China’s Trade Relations with the United States in Perspective," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 165-210.
  • Handle: RePEc:gig:chaktu:v:39:y:2010:i:3:p:165-210
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    File URL: http://hup.sub.uni-hamburg.de/giga/jcca/article/view/307
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    References listed on IDEAS

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    1. James Wang, 2010. "The Political Economy of Collective Labour Legislation in Taiwan," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 51-85.
    2. Joseph A. Martellaro, 1982. "Some Aspects of Sino-American Economic Relations: Post-1950," China Report, , vol. 18(4), pages 19-33, July.
    3. Ming-sho Ho, 2010. "Understanding the Trajectory of Social Movements in Taiwan (1980-2010)," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 3-22.
    4. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, April.
    5. Anru Lee & Wen-hui Tang, 2010. "The Twenty-five Maiden Ladies’ Tomb and Predicaments of the Feminist Movement in Taiwan," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 23-49.
    6. I-lun Tsai & Ming-sho Ho, 2010. "An Institutionalist Explanation of the Evolution of Taiwan’s Disability Movement: From the Charity Model to the Social Model," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 87-123.
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    Cited by:

    1. Kay Hearn, 2010. "Official/ Unofficial: Information Management and Social Association," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 211-241.
    2. Ming-sho Ho, 2010. "Understanding the Trajectory of Social Movements in Taiwan (1980-2010)," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 3-22.
    3. I-lun Tsai & Ming-sho Ho, 2010. "An Institutionalist Explanation of the Evolution of Taiwan’s Disability Movement: From the Charity Model to the Social Model," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 87-123.
    4. Stephen Philion, 2010. "The Impact of Social Movements on Taiwan’s Democracy," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 149-163.
    5. Anru Lee & Wen-hui Tang, 2010. "The Twenty-five Maiden Ladies’ Tomb and Predicaments of the Feminist Movement in Taiwan," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 23-49.
    6. Chin-shou Wang, 2010. "The Movement Strategy in Taiwan’s Judicial Independence Reform," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 125-147.
    7. James Wang, 2010. "The Political Economy of Collective Labour Legislation in Taiwan," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 39(3), pages 51-85.

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